Seems taxing million-dollar homes in NYC is only the beginning

[archives]

There are two people in my building that live bi-coastal (SF/NYC) and own residences in both. These guys run tech firms so they hire a number of people in each city as well as contribute a fair amount to the tax coffers. That they aren't in each City 365 days a year doesn't change that.

The idea that they are viewed negatively for doing so says more about us than them.

I believe Mamdani’s plan, which at this point is only a proposal, or, as you say, a politician’s dream sheet to appease voters, applies only to condos, co-ops, and 1- to 3-family homes, not the part time dweller’s apartment he uses while working in NYC.

To use the “invisible hand”model, if the business is there, which it must be for one to travel back and forth, one part time dweller who employs others will be replaced by another willing to pay the new tax

And why would anyone give up NYC to reside in San Francisco?

 

[evince]

Every Mayor in NYC is required to balance the budget. The federal government can run a deficit, NYC can't.

As with all cities and budgets, the devil is in the details. Was it done with smoke and mirrors such as pushing off pension payments, tapping into rainy day funds etc. or done on a more sustainable basis. That's what people who focus on the budget look at.

On the internet I suppose we focus on skin color.

He balanced the budget

You hate that

 

[evince]

You're right Desh, people that create jobs and pay significant business taxes in a city aren't financially supporting democracy. My bad for thinking otherwise.

And now they will pay more

Without the city they make no money there

 

[cawacko]

I believe Mamdani’s plan, which at this point is only a proposal, or, as you say, a politician’s dream sheet to appease voters, applies only to condos, co-ops, and 1- to 3-family homes, not the part time dweller’s apartment he uses while working in NYC.

To use the “invisible hand”model, if the business is there, which it must be for one to travel back and forth, one part time dweller who employs others will be replaced by another willing to pay the new tax

And why would anyone give up NYC to reside in San Francisco?

I mean sure, if the belief is people will complain but ultimately not do anything about it, or someone will backfill if they do, then NYC can continue to raise taxes with little consequence. But as this article shows, there is competition.

New York Is Losing High-Income Earners to Texas—Here’s Why​

New York Is Losing High-Income Earners to Texas—Here’s Why

The Lone Star State overtook New York in 2024 as the top employer of financial services workers, new research shows.

finance.yahoo.com

 

[cawacko]

He balanced the budget

You hate that

My wife of 13 years regularly calls me out for spending more time thinking about NYC's budget than her or our family. It's just something I've always been obsessed with. Wish I could explain why.

 

[cawacko]

I believe Mamdani’s plan, which at this point is only a proposal, or, as you say, a politician’s dream sheet to appease voters, applies only to condos, co-ops, and 1- to 3-family homes, not the part time dweller’s apartment he uses while working in NYC.

To use the “invisible hand”model, if the business is there, which it must be for one to travel back and forth, one part time dweller who employs others will be replaced by another willing to pay the new tax

And why would anyone give up NYC to reside in San Francisco?

There is a small part of me that absolutely loves the density and energy of NYC. P*ssy's in SF passed a bunch of anti-growth measures under the guise of 'anti-Manhattanization' of the City.

That said, you still can't beat the natural beauty and weather of SF compared to NYC. Expanding the boundaries, you can't beat Lake Tahoe within three hours and Pebble Beach within two.

But sticking to the city's themselves, SF's culture tops it.

 

[Jarod]

I get disappointed when they tell me how great the show is after someone has seen it, then I go and see something like Cats... Seriously, that one was so shallow and uninteresting. It did not get better when famous people were in it either. lol.

I also like plays/musicals live over video. But the video can usually give me a good idea of whether I would think it was worth spending money on tickets.

I never got Cats, maybe some people saw something I did not, but I did not enjoy that one. My fav of all time is les Miserables.

 

[Jarod]

There is a small part of me that absolutely loves the density and energy of NYC. P*ssy's in SF passed a bunch of anti-growth measures under the guise of 'anti-Manhattanization' of the City.

That said, you still can't beat the natural beauty and weather of SF compared to NYC. Expanding the boundaries, you can't beat Lake Tahoe within three hours and Pebble Beach within two.

But sticking to the city's themselves, SF's culture tops it.

If there were no other factors, If I had all the money in the world and could bring all my roots in s. Fla anywhere, Id move to San Fran. I envy you.

 

[cawacko]

If there were no other factors, If I had all the money in the world and could bring all my roots in s. Fla anywhere, Id move to San Fran. I envy you.

SF is certainly not without its problems. And my wife, who grew up in a little more suburban environment, is definitely open to leaving to somewhere more affordable and with more space for our kid.

But I'm a city person and SF is a special place.

 

[Jarod]

SF is certainly not without its problems. And my wife, who grew up in a little more suburban environment, is definitely open to leaving to somewhere more affordable and with more space for our kid.

But I'm a city person and SF is a special place.

It is, my wife went to HS in the area and loved it.

 

[cawacko]

It is, my wife went to HS in the area and loved it.

You don't have to answer of course but was she in the East Bay, Marin, Peninsula or South Bay? (or somewhere further out?)

I've said before I grew up in Oakland and went to high school in Oakland so this is my 'hood.

 

[Jarod]

You don't have to answer of course but was she in the East Bay, Marin, Peninsula or South Bay? (or somewhere further out?)

I've said before I grew up in Oakland and went to high school in Oakland so this is my 'hood.

Walnut Creek

 

[cawacko]

Walnut Creek

My recollection is while I was in high school Walnut Creek had a popular 18 and older night club that I went to a couple of times. This would have been 1990 - 1991 time frame.

Boundary Oaks in the public golf course in Walnut Creek and I shot under par there during a tournament one summer, only time I've done it.

 

[Jarod]

My recollection is while I was in high school Walnut Creek had a popular 18 and older night club that I went to a couple of times. This would have been 1990 - 1991 time frame.

Boundary Oaks in the public golf course in Walnut Creek and I shot under par there during a tournament one summer, only time I've done it.

You are older than her. She went to HS in the early 00's.

 

[archives]

There is a small part of me that absolutely loves the density and energy of NYC. P*ssy's in SF passed a bunch of anti-growth measures under the guise of 'anti-Manhattanization' of the City.

That said, you still can't beat the natural beauty and weather of SF compared to NYC. Expanding the boundaries, you can't beat Lake Tahoe within three hours and Pebble Beach within two.

But sticking to the city's themselves, SF's culture tops it.

“The coldest winter I ever spent was a summer in San Francisco"

Sure you can, easily, three hours from NYC is the Hudson Valley up to the Adirondacks, and hard to believe you compared SF’s culture to NYC, not even close

And as I said, can’t respect a city that doesn’t even have a decent local history museum